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Local Rates Feel the Brunt OF EU Summit Risk Aversion; GS Sees CBRT 200bp Hike

TURKEY
  • Local & USD rates mostly Unch this morning as choppy trading persisted yesterday.
  • Local rates still feeling the heat of EU Summit related risk aversion with the belly of the curve taking the brunt
  • GS came out yesterday supporting insights made in our last MNI CBRT preview that the CBRT would raise the 1w repo towards 17% in line with continued tightening to offset upside pressure on CPI
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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